› Flat Chat Strata Forum › Finance, budgeting and loans › admin and sinking fund nearly zero › Current Page
18/01/2016 at 10:04 am
#24363
Tiny, you have to, first ask yourself, why there is no money in the admin fund and sort this issue and ask for receipts from the strata manager, if you have one, before you [raise] sinking fund levies. Some investigation needs to be done in regards to strata finances, rather then pressuring other owners to raise sinking funds which only some strata managers profit from (allegedly)
Allegedly, some strata managers are making huge profits, charging for things that don’t exist and some make deals to overcharge owners corp.